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Fair Value Measurement (Tables)
 3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis
The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis (in thousands):
Fair value at March 31, 2023TotalLevel 1Level 2Level 3
Marketable equity securities$2,640 $2,640 
Debt securities available for sale:
Obligations of U.S. government corporations and agencies1,357,435 1,357,435 
Obligations of states and political subdivisions279,900 279,900 
Corporate bonds5,738 5,738 
Asset backed securities427,364 427,364 
Non-agency mortgage backed securities335,375 335,375 
Loans held for sale226 226 
Mortgage servicing rights6,553 6,553 
Total assets measured at fair value$2,415,231 $2,640 $2,406,038 $6,553 
Fair value at December 31, 2022TotalLevel 1Level 2Level 3
Marketable equity securities$2,598 $2,598 $— $— 
Debt securities available for sale:
Obligations of U.S. government corporations and agencies1,372,769 — 1,372,769 — 
Obligations of states and political subdivisions293,205 — 293,205 — 
Corporate bonds5,751 — 5,751 — 
Asset backed securities439,767 — 439,767 — 
Non-agency mortgage backed securities340,946 340,946 
Loans held for sale1,846 — 1,846 — 
Mortgage servicing rights6,712 — — 6,712 
Total assets measured at fair value$2,463,594 $2,598 $2,454,284 $6,712 
Reconciliation of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) on Recurring Basis The following table provides a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the time periods indicated. Had there been any transfer into or out of Level 3 during the time periods indicated, the amount included in the “Transfers into (out of) Level 3” column would represent the beginning balance of an item in the period (interim quarter) during which it was transferred (in thousands):
Three months ended March 31,Beginning
Balance		Transfers
into (out of)
Level 3		Change
Included
in Earnings		IssuancesEnding
Balance
2023: Mortgage servicing rights$6,712 $(209)$50 $6,553 
2022: Mortgage servicing rights$5,874 — $274 $257 $6,405 
Quantitative Information about Recurring Level 3 Fair Value Measurements
The following table presents quantitative information about recurring Level 3 fair value measurements at March 31, 2023 and December 31, 2022:
As of March 31, 2023:Fair Value
(in thousands)		Valuation
Technique		Unobservable
Inputs		Range,
Weighted
Average
Mortgage Servicing Rights$6,553 Discounted cash flowConstant prepayment rate
121% - 216%; 130.0%
Discount rate
10% - 14%; 12%
As of December 31, 2022:
Mortgage Servicing Rights$6,712 Discounted cash flowConstant prepayment rate
116% - 226.0%; 127.0%
Discount rate
10% - 14%; 12%
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis
The tables below present the recorded investment in assets and liabilities measured at fair value on a nonrecurring basis, as of the dates indicated, that had a write-down or an additional allowance provided during the periods indicated (in thousands):
March 31, 2023TotalLevel 1Level 2Level 3
Fair value:
Individually evaluated loans$1,223 — — $1,223 
December 31, 2022TotalLevel 1Level 2Level 3
Fair value:
Individually evaluated loans$5,719 — — $5,719 
Foreclosed assets311 — — 311 
Total assets measured at fair value$6,030 — — $6,030 

The tables below present the losses resulting from non-recurring fair value adjustments of assets and liabilities for the periods indicated (in thousands):
Three months ended March 31,
20232022
Individually evaluated loans$(277)$(615)
Foreclosed assets— (294)
Total losses from non-recurring measurements$(277)$(909)
Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at March 31, 2023:
March 31, 2023Fair Value
(in thousands)		Valuation
Technique		Unobservable InputsRange,
Weighted Average
Individually evaluated loans$1,223 Sales comparison
approach
Income approach		Adjustment for differences between
comparable sales;
Capitalization rate		Not meaningful
N/A
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at December 31, 2022:
December 31, 2022Fair Value
(in thousands)		Valuation
Technique		Unobservable InputsRange,
Weighted Average
Individually evaluated loans$5,719 Sales comparison
approach
Income approach		Adjustment for differences between
comparable sales;
Capitalization rate
Not meaningful
N/A
Foreclosed assets (Residential real estate)$311 Sales comparison
approach		Adjustment for differences between
comparable sales
Not meaningful
N/A
Estimated Fair Values of Financial Instruments that are Reported at Amortized Cost in Consolidated Balance Sheets
March 31, 2023December 31, 2022
(in thousands)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Financial assets:
Level 1 inputs:
Cash and due from banks$77,933 $77,933 $96,323 $96,323 
Cash at Federal Reserve and other banks32,402 32,402 10,907 10,907 
Level 2 inputs:
Securities held to maturity152,067 142,135 160,983 149,938 
Restricted equity securities17,250 N/A17,250 N/A
Level 3 inputs:
Loans, net6,314,014 6,073,450 6,344,767 6,153,155 
Financial liabilities:
Level 2 inputs:
Deposits8,025,865 8,018,642 8,329,013 8,321,517 
Other borrowings434,140 434,140 264,605 264,605 
Level 3 inputs:
Junior subordinated debt101,051 94,442 101,040 92,613 
(in thousands)Contract
Amount		Fair
Value		Contract
Amount		Fair
Value
Off-balance sheet:
Level 3 inputs:
Commitments$2,258,744 $22,587 $2,188,560 $21,886 
Standby letters of credit24,070 241 26,599 266 
Overdraft privilege commitments129,147 1,291 126,634 1,266